Re: Gold collapsing. Bitcoin UP.

The sidechain ledgers are merged into the bitcoin ledger through the 2-way pegging process, which creates a single merged ledger. Merged means one ledger

Quote from: rocks on November 07, 2014, 11:38:50 PM

I think a lot of side chains will be seen as services beyond the main chain.

These are consistent statements. There is a single ledger of separate services.

Also, in your example, how does 1:1 convertibility between sidethread 1.0 and 2.0 work, because without that they are alt threads and are thus inflationary.

I still see the main chain as the master chain being Bitcoin blockchain, and the side chain as being pegged and validated. even though the side chain is criptograficaly pegged so the 2 chains can be reconciled they are separate chains running on separate servers in separate locations a single merged ledger as you put it will never exist, it can only be constructed through a reconciliation proses.

the inconsistency i found funny was actual the claim that "These are separate threads".

Rocks I'll retract my not so funny thread of inconsistency, but why I don't see the ledgers as one and separate is each SC has it's own incentive structure to secure it. While it's convenient to think of them as the same this change in incentives could be a race to the bottom in incentivizing security as others referenced here have pointed out.